How to Buy Insurance for a Motorcycle?

[OSabrina]

Motorcycle compulsory traffic insurance (CTL) is relatively easier to purchase as it is mandatory, with lower underwriting risks. If you want to buy commercial insurance for your motorcycle, you can directly call the customer service of the underwriting company or purchase it through a legitimate third-party insurance sales platform. Below are the detailed explanations: 1. Motorcycle Compulsory Insurance (CTL): New motorcycles must have CTL purchased in advance before registration, and it needs to be renewed annually. For second-hand motorcycles, CTL must also be paid voluntarily every year; otherwise, the motorcycle will fail the annual inspection. 2. Motorcycle Commercial Insurance: Many people are unaware that motorcycles can have commercial insurance. In fact, similar to cars, motorcycles can also purchase commercial insurance from insurance companies. The main types of commercial insurance for motorcycles include theft insurance, scratch insurance, and third-party liability insurance with no deductible. Purchasing all of these is equivalent to having full coverage.